Crypto and blockchain in india

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What is Blockchain? How Elections on Blockchain work? - Bitcoin - Dhruv Rathee
India's central bank is weighing CBDC privacy technology and crypto tax is not part of its domain, a senior official told CoinDesk. Individuals and entities are allowed to hold, invest in, and transact VDAs, as long as they abide by existing laws. Banks and other RBI-regulated entities must. While still reluctant to legitimize cryptocurrencies fully, India has generally accepted blockchain technology.

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What makes them a formidable team of blockchain developers? The NFTs provide proof of land ownership and all documents embedded with them are free from tampering, thereby making the land mutation process transparent while eliminating the need for manual paperwork and record-keeping. Findings and observations on regulatory policies within the Sandbox will be communicated to regulatory bodies and utilised to draft state-level policies. NITI Aayog has prepared a draft discussion paper titled as "Blockchain the India Strategy: Towards enabling ease of business, ease of living and ease of governance". Impending contemporaneous legislation Presently, the government is in the process of taking steps towards overhauling the entire legal architecture regulating the internet, big data, cybersecurity, telecommunication and data protection, and is accordingly introducing a fresh set of frameworks, policies and statutes.

Crypto and blockchain in india

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